Trust is all in family business

The Network of Family Businesses has scheduled a virtual educational seminar with William Alexander to discuss Trust - The Beginning of Everything in a Family Business. The seminar is scheduled for Tuesday, (November 15) at 11:00am EST. In a White Paper found at www.netfamilybusiness.com, Bill states that nothing can be successfully accomplished without the presence of one key ingredient - Trust! Yet many families choose to move forward with their business and family governance without taking the time to insure trust is present in the family business system. Bill defines four trust building actions to establish trust within the family business system. In his upcoming seminar, Bill will define trust and how to understand and implement the building blocks. Bill is a member of the faculty of the Wharton School of the University of Pennsylvania, where he lectures on the topic "Strategies and Practices of Family Controlled Corporations." He was a third-generation principal and CEO of a large construction entity in central Pennsylvania. In addition, he has served on various boards, including Herr Foods, Hershey Foods Corporation, where he was also chairman of the Hershey Trust, and Highmark Blue Shield. He was formerly the managing director of the Snider Entrepreneurial Research Centre at Wharton. Alexander holds an undergraduate degree in engineering from the US Military Academy at West Point and an MBA from the University of Pittsburgh. The Network of Family Businesses is an Exclusive Private Network with a growing community of families that have a desire to keep their fingers on the pulse of industry trends while building their family legacy. The network supports business families in their journey with an Elite Network of International Renowned Experts, Innovative on-line Educational Seminars, Information Hub of Relevant Articles, and most importantly Connections with Family Businesses from around the world. We at The Network of Family Business are excited to have Bill presenting on this critical topic. Registration to join The Network of Family Businesses and be eligible for the On-Line Educational Seminar is available at: www.netfamilybusiness.com Steven Moyer E-mail : skmoyer@comcast.net In search of disguise A front page report on the idling of Tk 120 million was published in a section of the print media of October 29. This delay has possibly some important reasons well beyond the spending guidelines alone as stated in the report published. Possibly it may not be easily clear through normal logic! There may well be more to it. Possibly, given the 'rude kick in the pants' by World Bank, the concerned clever people are busy devising fool-proof guidelines to see that the journey of the diverted funds remain invisible and be scrutiny proof. More of a handshake operation than leaving any paper trail anywhere. Could well be real-life solid cash flow without any banking involvement, transfer and other usual fund movement mechanism. Naturally this takes time, and could be the possible reason for the delay, keeping it beyond the vision of say; 'World Bank' or other such 'snooping bodies.' "Once bitten twice shy," so goes the cautionary saying. Meanwhile, 'guise-lines' to ensure movement of hard cash is safely established. Once this is done, we will see a flurry of development activities going ahead for the utilisation of Tk 120 million expeditiously. One cannot have such a large sum go untapped, even a modest 5.0 per cent comes to Tk 6.0 million. No peanuts by any standard. A fund flow watcher Dhaka